Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Jēkabpils autobusu parks, a Latvian bus operator, planned to dismiss 101 employees by 8 July 2022 after losing the tender to operate regional services covering Jēkabpils, Preiļi and Līvāni.
Tukuma auto took over these services on 1 July. Jēkabpils autobusu parks retained its city and non-scheduled services, bus station operations and repair activities.
Most dismissed drivers moved to Tukuma auto to continue operating regional services. The new operator also rented premises from Jēkabpils autobusu parks, which planned to auction the buses previously used on regional routes.
Eurofound (2022), Jēkabpils autobusu parks, Internal restructuring in Latvia, factsheet number 301078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301078.
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